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Tuesday, February 23, 2010

Kalpataru power transmission to raise funds upto $125 million

The board of power equipment maker Kalpataru Power Transmission has approved raising up to USD125 million via a qualified institutional placement or other modes of follow-on offerings, the company said in a statement on Tuesday.

It touched an intraday high of Rs 1,065 and an intraday low of Rs 1,045. At 10:40 hrs the share was quoting at Rs 1,060, up Rs 13.10, or 1.25%.

It was trading with volumes of 537 shares. Yesterday the share closed down 0.59% or Rs 6.25 at Rs 1,046.90.

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